RICHMOND EDUCATION ASSOCIATION OF RICHMOND INC (EIN 540839289) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

KATINA HARRIS

Phone

8046483100

Tax Period

2022-09-01 to 2023-08-31

Richmond Education Association of Richmond Inc, founded in 1967, is a small nonprofit that reported $726K in total revenue in fiscal year 2017. Expenses of $666K left a modest 8% surplus.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE MEMBERSHIP IN THEIR JOB RELATED AREAS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $699,207

Investment Income $143

Other Revenue $0

TOTAL REVENUE $700,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $726,954

TOTAL EXPENSES $726,954

Year-over-Year Comparison

	2022	2021	Change
Revenue	$700,350	$746,972	-0.1%
Expenses	$726,954	$628,591	+0.2%
Net Income	$-26,604	$118,381	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATINA HARRIS	PRESIDENT UNTIL 6/30/23	002.00	Officer Director	$0	$0	$0
DARRELL TURNER	VICE PRESIDENT UNTIL 6/30/23	001.00	Officer Director	$0	$0	$0
ANDREA DUNGEE	SECRETARY UNTIL 6/30/23	001.00	Officer Director	$0	$0	$0
STEPHEN STRAUS	TREASURER AS OF 7/1/23	001.00	Director	$0	$0	$0
JESSICA DIAZ	BOARD DIRECTOR UNTIL 6/30/23	001.00	Director	$0	$0	$0
SHERRI ROBINSON	BOARD DIRECTOR UNTIL 6/30/23	001.00	Director	$0	$0	$0
ELIZABETH JORGENSEN-BEST	BOARD DIRECTOR UNTIL 6/30/2023	001.00	Director	$0	$0	$0
NERILIS SUAREZ	PRESIDENT AS OF 7/1/2023	002.00	Officer Director	$0	$0	$0
ELIZABETH FORRESTER	VICE PRESIDENT 7/1/23	002.00	Officer Director	$0	$0	$0
ANGELA DEWS	SECRETARY AS OF 7/1/2023	002.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$700,350	$726,954	$160,012	$-26,604
2022	$746,972	$628,591	$188,478	$118,381
2021	$679,381	$653,791	$72,183	$25,590
2020	$719,577	$688,170	$46,871	$31,407
2019	$661,384	$688,972	$12,047	$-27,588
2018	$726,288	$665,932	$69,823	$60,356

RICHMOND EDUCATION ASSOCIATION OF RICHMOND INC